Generation NEXT Franchise Brands Partners with World Franchise Associates to Drive Global Expansion for the Reis & Irvy's Brand
June 27 2019 - 8:49AM
InvestorsHub NewsWire
Generation NEXT Franchise Brands Partners with World Franchise
Associates to Drive Global Expansion for the Reis & Irvy’s
Brand
Agreement Will Increase Worldwide
Presence, Bring Robotic Frozen Dessert Vending Kiosks to the Middle
East and North Africa Regions
SAN DIEGO, CA -- June 27, 2019 -- InvestorsHub NewsWire
-- Generation NEXT Franchise Brands, Inc. (OTCQB: VEND)
announced today that its flagship subsidiary, Reis & Irvy’s,
has partnered with World Franchise Associates (WFA) to
expand the brand to the Middle East and North Africa (MENA)
region. The agreement allows Reis & Irvy’s to further its
footprint to countries, including the Kingdom of Saudi Arabia,
United Arab Emirates, State of Qatar, State of Kuwait, Sultanate of
Oman, Kingdom of Bahrain.
Reis & Irvy’s is the world's first fully-automated robotic
frozen dessert vending kiosk designed to disrupt brick-and-mortar
competitors. The kiosk’s unattended robots eliminate the need for
costly rent and labor, significantly reduce food safety concerns
and are capable of operating 24-hours a day. The signature robots
can dispense servings of frozen yogurt, ice cream, gelato and
sorbet finished with a selection of six delicious toppings in less
than 60 seconds.
“We are thrilled to partner with World Franchise Associates and
look forward to rapid growth in the MENA region,” said Nick Yates,
Chairman of Generation NEXT Franchise Brands. “WFA’s experience and
reputation in successfully launching franchise brands in these
countries will help us bring Reis & Irvy’s desserts to millions
of new consumers in an ideal weather climate all year around.”
Under the agreement, World Franchise Associates will offer
consultancy services, marketing and promotion, and assist in
selling territories to potential Master Franchisees in each
country.
“We’re excited about the opportunities and enormous potential
across MENA for both WFA and Reis & Irvy’s,” noted Paul
Cairnie, CEO of WFA. “We’re confident that the combination of such
a unique technology and business model and our regional expertise
will result in exceptional growth for the brand.”
For more information about Reis & Irvy’s, please
visit www.reisandirvys.com.
About Generation NEXT Franchise Brands, Inc.
Generation NEXT Franchise Brands, Inc., based in San Diego,
California, is a publicly traded company on the OTC Markets trading
under the symbol OTCBB: VEND. Generation NEXT Franchise Brands,
Inc. is parent company to Reis and Irvy’s Inc., 19 Degrees
Corporate Service LLC and Print Mates. To learn more, please
visit: www.gennextbrands.com
About Reis & Irvy’s, Inc.
Reis & Irvy’s, Inc. is a subsidiary franchise concept of
Generation NEXT Franchise Brands, Inc. (VEND). Launched in early
2016, the revolutionary Reis & Irvy’s Vending Robot serves
seven different flavors of frozen yogurt, ice cream, sorbets and
gelatos, a choice of up to six custom toppings and to customers
within 60 seconds or less at the point of sale. The unique
franchise opportunity has since established itself as a high-demand
product and currently showcases a franchise network both
domestically as well as internationally. To learn more, please
visit: www.reisandirvys.com.
This information is not intended as an offer to sell, or the
solicitation of an offer to buy, a franchise. It is for information
purposes only. No Reis & Irvy’s franchises will be sold to any
resident of any state until the offering has been exempted from the
requirements of, or duly registered in and declared effective by,
such state and the required FDD (if any) has been delivered to the
prospective franchisee before the sale in compliance with
applicable law. Currently, the following states in the United
States regulate the offer and sale of franchises: California,
Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York,
North Dakota, Oregon, Rhode Island, South Dakota, Virginia,
Washington, and Wisconsin. If you reside in one of these states, or
even if you reside elsewhere, you may have certain rights under
applicable franchise laws or regulations.
Cautionary note on forward-looking statements:
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements include, among others,
statements concerning our future financial performance, including
statements regarding: our ability to generate revenue and recognize
deferred revenue; our ability to timely launch delivery and
installation of our frozen yogurt robots; and our ability to grow
our franchising and licensing divisions and launch our
corporate-owned and direct sales platforms. The Company bases these
forward-looking statements on its current expectations, estimates
and projections about future events and the industry in which it
operates using information currently available to it. Actual
results could differ materially from those discussed in, or implied
by, these forward-looking statements. Forward-looking statements
are identified by words such as “believe,” “anticipate,” “propose,”
“expect,” “intend,” “plan,” “will,” “may,” “estimates,” variations
of such words and other similar expressions. In addition, any
statements that refer to expectations, projections or other
characterizations of future events or circumstances are
forward-looking statements. Factors that could cause actual results
to differ from those implied by the forward-looking statements
contained in this press release are set forth in our filings with
the Securities and Exchange Commission (SEC), including our most
recent Annual Report on Form 10-K for the year ended June 30, 2018,
our Quarterly Reports, and our Current Reports on Form 8-K. Be
advised that developments subsequent to this press release are
likely to cause these statements to become outdated and the Company
is under no obligation (and expressly disclaims any such
obligation) to update or revise any forward-looking statements
whether as a result of new information, future events, or
otherwise.
generationnext@5wpr.com